Tsakos Energy Navigation Reaches New 12-Month High at $8.17 (TNP)
Tsakos Energy Navigation (NYSE:TNP)’s share price reached a new 52-week high on Wednesday, Stock Ratings News reports. The company traded as high as $8.17 and last traded at $7.74, with a volume of 563,306 shares traded. The stock had previously closed at $8.14.
A number of analysts have recently weighed in on TNP shares. Analysts at Maxim Group initiated coverage on shares of Tsakos Energy Navigation in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $12.00 price target on the stock. Analysts at Global Hunter Securities upgraded shares of Tsakos Energy Navigation from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $7.60.
Tsakos Energy Navigation has a 1-year low of $3.29 and a 1-year high of $7.68. The stock has a 50-day moving average of $5.92 and a 200-day moving average of $5.23. The company’s market cap is $441.2 million.
Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings results on Wednesday, November 20th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.02. The company had revenue of $73.80 million for the quarter, compared to the consensus estimate of $74.42 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. Analysts expect that Tsakos Energy Navigation will post $-0.12 EPS for the current fiscal year.
Tsakos Energy Navigation Limited (NYSE:TNP) is a provider of international seaborne crude oil and petroleum product transportation services.
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